Deal of the day: Lennar matching Fed's interest-rate cut through Sunday

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Okay, so this may apply only those shopping for homes outside of Chicago proper, or for those willing to hasten their hunts for new digs, but we figured it was worth reporting, so listen up.

Lennar will match the Fed’s new 4.875-percent, 30-year rate through its preferred lender, Universal American Mortgage Company, on select inventory and pre-construction homes, but only through this Sunday, Feb. 10.

Additionally, Lennar will pay up to 6 percent toward closing costs. Buyers must close by Feb. 29.

Lennar’s suburban developments include Arlington Reserve in Arlington Heights (pictured above), Morgan’s Gate in Wood Dale, Singer Landing in Lemont, Creekside Crossing in Plainfield and Orland Park Crossing in Orland Park.

The homebuilder, of course, is also behind the construction of the 21-story Parc Huron, located at the corner of Erie St and Hudson Ave. We walk past the Parc Huron’s office trailer every day (it’s just a few steps from Yo’s front door) and figure it’s about time to check in on the high-rise’s status. Stay tuned for more…

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